SITXGLC001 - Research and Comply with Regulatory Requirements Assessment Workbook

SITXGLC001 - Research and comply with regulatory
requirements
Assessment Workbook
Student
Signature
Assessor judgement based on knowledge and performance evidence:
 C - Competent
 NYC – Not Yet Competent
Reasonable Adjustment  No
 Yes - Description of adjustment
Assessor
Signature Date

Assessment Tool Instructions
This assessment tool is to be completed by the Assessor and the Student. The assessment tool
has been developed to collect and record evidence to assess the Student’s understanding and
application of the performance criteria, performance evidence and knowledge evidence. If
there are multiple units listed above, they have been integrated and are co-assessed
holistically. This assessment tool must be completed using a black or blue pen and all
relevant sections are to be completed.
Instructions to the Assessor
The assessor will provide the assessment tool to the Student and explain the assessment
requirements, providing guidance to the Student as required. Verbal challenging may apply
and the Assessor is required to record these notes in the Assessor’s comments section. Please
ensure that all signatures and dates are accurately recorded, all sections have been marked
and that comments have been included where necessary.
Instructions to the Student
You will be required to read through the assessment activities and prepare for the
assessment. If the assessment involves written responses, you can write your answers in the
spaces under the question. Please ensure that you complete all required sections of the
assessment tool. All questions must be answered in full. Your assessor may verbally challenge
your answer by asking you to clarify or further explain your answer. At the end of this
assessment task, your assessor will provide you with feedback on areas for continuous
professional development. Unless specified, answers should be approximately 100 word in
length.
Before commencing the assessment, please complete the pre-assessment checklist below to
confirm that you, the Student, are ready for assessment.
I have been given access to all of the resources for this assessment  YES  NO
I have had my rights and the appeal system fully explained to me  YES  NO
The assessor has discussed special needs assistance with me  YES  NO
I understand that I have to complete all tasks/questions myself  YES  NO
I acknowledge that I am ready for an assessment for the unit  YES  NO
I acknowledge that I have had the assessment process explained to me  YES  NO
I understand that plagiarism is not accepted  YES  NO
I agree to undertake assessment tasks in this assessment tool  YES  NO
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Q # Questions
Satisfactory
√ = Yes
X = No
1. Identify at least 3 sources of information for compliance with
laws and licensing for business operations.
In order to operate legally, every business has to comply with
specific requirements relating to the organization’s transaction,
safety procedures and labor practices. Compliance regulations is
classified into two types- internal and external. External compliance
relates to the requirements that is imposed by state while internal
compliance are enforced by the company’s staff. The three sources
of information for compliance with laws and licensing for business
operations include-
 Networking with employees and suppliers
 Discussion with the experienced business personnel
 Internet and social media
2. In order to determine the scope of your business compliance,
what must you know?
At the outset, the enterprise must know to make decision
regarding which risk areas it aims to address through
compliance program. They must prepare assessment which
identifies all compliance risk relating to business. They should
know to score these identified risks based on likelihood of risk
materializing and effect of risk on the enterprise. The
organization can determine the scope of its business compliance
by choosing risk areas it intends to address. For achieving
highest scope of business compliance, the enterprise must first
address higher ranking area of risk. They should also know to
address risk areas based on three standards such as - company
values, contracts, laws and regulations.
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3. Identify 5 ways to access regulatory information relevant to
specific business operation.
Regulatory information refers to enterprise’s adherence to laws,
guidelines, regulations and specifications relating to business.
The five ways in which regulatory information can be accessed
relevant to particular business operations involves-
 Attain from briefings prior to – commencement of the
service period, delivery of the tours, event operation
 Information can also be obtained from internal memos
 It can also be accessed from staff meetings
 Regulatory information can also be attained from training
sessions
 Information relevant to particular business information
can also be attained from handbooks of staffs
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4. Identify the penalties and consequences of non-compliances in
regards to Work Health and Safety in your local area.
The penalties of non- compliance in regards to work Health and
Safety in local area includes-
 Administrative fines where the service holder is basically
subject to variable fine that are imposed by the enforcing
authority or regulatory
 Conditional cautioning which means that if an individual
fails to comply with conditions attached to caution, this
might result to criminal proceedings
 The person can also have to pay fixed fines that are issued
by the enforcing authority specifically subsequent to
health and safety inspection
The consequences of non- compliances regarding Work Health
and Safety in local area are given below-
 Injury or ill health of members of public
 Damage to work equipment, workplace and work data
 Economic damage to business through decrease in
production
 Economic damage to the society occurring from cost of
treatment for injury and ill health of person
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5. Outline 5 reasons why you may need to obtain specialist legal
advice.
The reasons behind the need for attaining specialist legal advice
in business are illustrated below-
 Effectively navigating the procedure of business
formation
 Protecting the intellectual property of the enterprise as
this are considered as valuable assets
 Developing credibility as well as strong relationships with
new investors. This in turn increases the probability of
success as well as adds intrinsic value to the enterprise.
 Assuring effective contract management as this is
important to quality relating to business transactions.
 Avoiding or acquiring help settling lawsuits, which can be
sometimes detrimental to the organization.
6. Where could you obtain legal advice from?
Advice relating to legal matters can be obtained from different
sources such as-
 Citizens advice Bureau- This is a kind of national charity
that offers huge range of support as well as advice to
facilitate individual resolve their issues regarding debt,
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discrimination, housing, employment.
 Law centers- This can facilitate the individual with the
legal advice regarding welfare, discrimination, criminal
justice
 Private solicitors- Solicitors provide services huge range
of legal matters. In some cases, these solicitors cannot
facilitate the individual with all kinds of requirements.
7. Discuss regulatory policies and procedures including formats for
and inclusions in policies and procedures.
Regulatory policies and procedures mainly establishes rules of
conduct within the enterprise, thereby outlining certain
responsibilities of employees as well as employers. Regulatory
policies as well as procedures includes-
 A certain code of conduct that sets the standard of
workplace behavior and ethical conduct that should be
adhered to and amended as required.
 Disciplinary policy is also essential in outlining various
process that the employer will follow in issuing warning
and terminating employment.
 Leave policy which identifies kinds of leave that is
available and procedure that should be followed for
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accessing leave.
 Policies regarding workplace discrimination, harassment
and bullying in order to create good work culture.
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